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AREA REPORTS

Rivett

Suburb Profile

Rivett - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2611

house

Property investors enjoyed capital gains of 1.94% over the last 12 months in RIVETT, translating to lower returns compared with its peers in ACT.

Figures from the previous quarter show that capital gains for real estate buyers in RIVETT are low, as opposed to average gains per annum over the past five years.

The suburb posted a 12.9% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $530 based on current median home prices for the suburb.

On average, rents on listings have reached the $530 mark, reflecting a 4.37% increase in returns based on the current median price in RIVETT.

RIVETT, 2611 ranks 37th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 41st on the list of best yielding suburbs for rental properties in ACT, posting a 4.37% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $630,000 N/A
GROWTH REPORT
Median Quarterly 1.04% N/A
Median 12 month 1.94% N/A
Median 3 years 12.9% N/A
Median 5 years 26.63% N/A
10 years average annual 3.83% N/A
Weekly media advert. rent $530 N/A
Time on Market 60.0 days N/A
Gross Rental Yield Percent 4.37% N/A
demographics (median values)
Total Population
3073
Weekly Household Income
1395
Household Size
2.50
demographics
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